In a move poised to bring significant relief to Nigerians grappling with high fuel costs, the Dangote Petroleum Refinery has announced a fresh ₦15 reduction in the pump price of Premium Motor Spirit (PMS), with new rates now ranging from ₦875 to ₦905 per litre, depending on the region.
The new price template, released Thursday on the refinery’s official social media handles, applies to all retail outlets in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy.
Under the revised rates:
- Lagos: ₦875
- South-West: ₦885
- North-Central & North-West: ₦895
- South-East & South-South: ₦905
- North-East: ₦905
This change marks Dangote’s third downward revision of petrol prices in 2025, reinforcing its stated commitment to “price stability and consumer relief” amid ongoing volatility in the downstream petroleum sector.
According to the refinery, the latest reduction was made possible by its naira-for-crude supply arrangement, which lowers production costs and helps counterbalance global crude price fluctuations.
In an official statement, the company’s Group Chief Branding and Communications Officer, Anthony Chiejina, noted:
“This reduction reflects our unwavering commitment to stabilising the local fuel market, supporting the economy, and lessening the financial pressure on Nigerian consumers.”
The refinery urged motorists to only buy from official partner outlets to benefit from the revised rates and report any stations charging above the official pump price via its hotlines:
📞 +234 707 470 2099
📞 +234 707 470 2100
The announcement comes just hours after reports revealed that independent marketers had resumed large-scale petrol imports, with over 496 million litres discharged at depots between May 11 and May 20, according to a Tanker Position Report obtained from Blue Sea Maritime.
As uncertainty continues to loom over the deregulated fuel market, Dangote’s pricing decisions are fast becoming a key anchor for both retailers and consumers navigating the new realities of Nigeria’s energy economy.